13653. Farmers Exchange Bank (Tamora, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 5, 1929
Location
Tamora, Nebraska (40.894, -97.225)

Metadata

Model
gpt-5-mini
Short Digest
69bd90e5

Response Measures

None

Description

Articles (Oct 5–7, 1929) report the state bank commissioner taking over the Farmers Exchange Bank at Tamora, examiner Fred Babka placed in charge, depositors' meeting arranged and a receiver to be appointed. No run is mentioned; action is by state authority implying suspension leading to likely permanent closure/receivership.

Events (1)
1. October 5, 1929 Suspension
Cause
Government Action
Cause Details
Taken over by state bank examiner Fred Babka under Bank Commissioner George W. Woods; commissioner announced a receiver would be appointed and reorganization was uncertain.
Newspaper Excerpt
One of the closings, that Tamora where the Farmers' Exchange bank was taken over by Examiner Fred Babka, was the first in Seward county, it was reported.
Source
newspapers

Newspaper Articles (2)
1. October 5, 1929 The Omaha Evening Bee-News Omaha, NE
Article from The Omaha Evening Bee-News, October 5, 1929

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Article Text

STATE CLOSES MORE BANKS more state bank were announced Saturday by George W. Woods, bank commissisoner. One of the closings, that Tamora where the Farmers' Exchange bank was taken over by Examiner Fred Babka, was the first in Seward county, it was reported. depositors' meeting has been arranged and Commissioner Woods meet with delegation Tuesday. The bank had deposits of approximately $80,000. The other closed institution is the Farmers' State bank of Chapman in Merrick county, which was taken over by Examiner Y. Castle. Deposits 1927 amounted to nearly $350,000. With the possibility that this bank will not be reorganized. Commissioner Woods announced that receiver would be appointed.

2. October 7, 1929 North Platte Daily Telegraph North Platte, NE
Article from North Platte Daily Telegraph, October 7, 1929

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Article Text

TWO MORE STATE BANKS ARE CLOSED Lineoln, Oct. more state bank suspensions were announced today George Woods, bank commissioner. One of the closings, that Tamora where the Farmers Exchange Bank was taken over by Examiner Fred Babka, was the first in Seward county, reported. depositors' meeting has been arranged, however, and Commissioner will meet with the delegation Tuesday evening. This bank bad deposits of proximately $80,000. Fannie Miner president and Humlicek, cashier. The other closed institution the Farmers' State Bank of Chapman in Merrick which was taken over by Examiner Castle. Deposits in 1927 amounted nearly E. Ross was president and D. E. Magnuson, cashier. With the possibility that this bank will not be reorganized, Commissioner Woods announced that receiver would pointed.